Dover Co. (NYSE:DOV) Shares Purchased by WealthPLAN Partners LLC

WealthPLAN Partners LLC raised its position in shares of Dover Co. (NYSE:DOV) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,287 shares of the industrial products company’s stock after buying an additional 251 shares during the quarter. WealthPLAN Partners LLC’s holdings in Dover were worth $3,055,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DOV. Financial Life Planners acquired a new stake in Dover during the fourth quarter valued at approximately $28,000. Ashton Thomas Securities LLC bought a new position in shares of Dover during the third quarter valued at approximately $33,000. R Squared Ltd bought a new position in shares of Dover during the fourth quarter valued at approximately $34,000. Kieckhefer Group LLC bought a new position in shares of Dover during the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Dover during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Shares of NYSE DOV opened at $202.46 on Friday. The stock has a fifty day moving average price of $195.26 and a two-hundred day moving average price of $191.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The firm has a market cap of $27.78 billion, a P/E ratio of 10.41, a PEG ratio of 2.03 and a beta of 1.24. Dover Co. has a 1 year low of $159.48 and a 1 year high of $222.31.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Research analysts forecast that Dover Co. will post 9.47 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s payout ratio is currently 10.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Citigroup lowered their target price on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday, January 13th. Wells Fargo & Company upped their target price on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. UBS Group decreased their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective (up from $220.00) on shares of Dover in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $218.91.

About Dover

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.